Air France-KLM announces plans for 'accelerated development' of Transavia operations
Air France-KLM confirmed (11-Sep-2014) plans for an "accelerated development" of its low-cost operations under the Transavia brand, as part of the company's 'Perform 2020' five-year plan. The company also confirmed plans to open new bases in Europe. Air France-KLM stated: "In a growth market, the Group plans to build on the results achieved within the framework of Transform 2015 to move to a more pan-European scale. By 2017, Transavia will rank amongst the leading low cost carriers in Europe, operating a fleet of 100 aircraft and carrying more than 20 million passengers." Air France-KLM added: "This business should contribute an additional €100 million of EBITDAR in 2017. With profitability being impacted by ongoing ramp-up costs, the Group is targeting operating profits by 2018." [more - original PR - English/French]